87-89 Spring Street, Medford MA 02155
Medford, MA 02155
$1,499,000
Est. $8,416/month
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About this home
Perfect for 1031 exchange and investors! Rare opportunity to buy from the limited 4-family inventory pool with good cash flow. This property features two separate structures on one lot, a total of four units! Convenient location to transportation and shopping. Tenants pay for their own utilities. The property consists of a large 5-bedroom, 1 two-bedroom, and 2 one-bedroom apartments. The property has had several updates over the years, including replaced water heaters, newer heater systems, etc. Any money put in this property will only add to long-term equity. Parking for 3 cars in the driveway. This property also has great potential to increase future value considerably.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
May 26, 2026
Offer accepted, sale pending
Listed for Sale
Apr 14, 2026
$1,499,000
Original listing
Agent: The Shahani Group
Office: Compass
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/26/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 04/14/2026 | 🏠 Listed for Sale | $1,499,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,630 | $895,000 |
Financial Details
Annual Property Tax
$7,630
Tax Year 2025
Assessed Value
$895,000
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1900
Living Area
3,388 sq ft
Lot Size
0.10 acres
Bedrooms
9
Full Baths
5
Total Rooms
20
Investment Metrics
Units
4
Unit 1 Rent
$1,900/mo · Y
Unit 2 Rent
$5,000/mo · Y
Unit 3 Rent
$2,350/mo · Y
Unit 4 Rent
$2,400/mo · Y
Total Monthly Rent
$11,650/mo
Gross Income
$139,800
Net Operating Income
$139,800
Cap Rate
9.33%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, On Street
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,630
Assessed Value
$895,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Agent Has Ownership Interest In The Property. Owner Never Lived In The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
42 days
Property Overview
Property Type
4 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
9
Full Bathrooms
5
Living Area
3,388 sq ft
Total Rooms
20
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,388 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, On Street
Nearby Schools
School District
Medford School District local
B+
School Safety
2024-25
1.0%
Low
0.8%
Suspensions
0.1%
In-School
0.2%
Emergency
4.5% below state avg
Elementary Schools
6 schools
St. Joseph Elementary School
1.2 mi
Grades PK-08
St. Raphael Elementary School
2.2 mi
Grades PK-08
B-
John J McGlynn Elementary School
0.5 mi
|
#422 of 824
|
Score: 47.1
Improved 242 spots from last year
-11.1 below state avg
505 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Milton Fuller Roberts School
0.6 mi
|
#353 of 824
|
Score: 49.1
Improved 194 spots from last year
-9.1 below state avg
586 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Missituk Elementary School
1.1 mi
|
#300 of 824
|
Score: 50.8
Improved 77 spots from last year
-7.4 below state avg
418 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
A+
Brooks School
1.8 mi
|
#2 of 12
|
Score: 59.7
Improved 135 spots from last year
+1.5 above state avg
556 students
Moderate
Rising School
Grades PK-05
Middle Schools
2 schools
B+
Madeleine Dugger Andrews Middle School
0.4 mi
|
#128 of 352
|
Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students
Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
0.9 mi
|
#206 of 352
|
Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
A-
Medford High School
2.0 mi
|
#94 of 346
|
Score: 60.6
Improved 24 spots from last year
+2.3 above state avg
1,195 students
Diverse
19 sports
• 1,212 athletes
Strong AP Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades PK-12
Curtis-Tufts School
1.1 mi
11 students
Diverse
Diverse Student Body
Grades 09-12
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$636
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
87-89 Spring Street, Medford MA 02155
Medford, MA 02155
Listing Information
Listing Agent
The Shahani Group
Listing Office
Compass
Office Phone
617-752-6845
Agent MLS ID
TEAM0355
Office MLS ID
AN3337
Listing Data Updated
Jul 14, 2026 11:04 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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